Calgary developer stable after targeted shooting attack

Calgary developer stable after targeted shooting attack

Calgary real estate developer Riaz Mamdani has been confirmed to be in stable condition after being shot right outside his Mount Royal home a few days ago.

Mamdani, who has figured in various legal disputes in the past few years, was the subject of what police officials have called a targeted attack around 8 a.m. on Monday morning (December 19).

“I don't want to go into details of the investigation at this point, but it does, from our standpoint, look very specific,” Staff Sgt. Travis Baker said, as quoted by CBC News. “An exact motive is not known at this time.”

“If this is business related, we would certainly be exploring those things. We'll be looking at all different kinds of motives,” Baker added.

The founder of real estate investment and development company Strategic Group was leaving home in his dark Rolls Royce at the time of the attack. Investigators stated that the prime suspect is a man wearing a bright orange jacket.

Among the most notable of Mamdani’s legal entanglements is a $10-million lawsuit filed in 2014, which alleged that Mamdani dissolved a deal without offering an explanation to investors after raising $6.4 million to purchase land.